The government continues its efforts to alleviate poverty. There is the Conditional Cash Transfer (CCT), known as the Pantawid Pamilyang Pilipino Program (4Ps) of the Department of Social Welfare and Development (DSWD) which is now to be expanded to high school students or children aged 15-18 years old.
For the year 2014, the proposed budget for CCT amounts to P62,614,247,297.00 to cover children aged 15-18. It expects to cover 4,309,769 households under the regular CCT and Expanded CCT. The modified CCT assist families with special needs, such as homeless street families, indigenous people, and families displaced due to man-made and natural calamities. It expects to cover 131,963 families in 2014.
The National Statistical Coordination Board reported that poverty in the Philippines eased to 25.2 percent of the population in 2012 from 26.3 percent in 2009, and among families, declined to 19.7 percent in 2012 from 20.5 percent in 2009.
The National Economic and Development Authority attributed the slight improvement in the government’s social programs such as the Conditional Cash Transfer scheme. It also said that sustained high economic growth is needed to enable the Philippines to reduce poverty faster especially in rural areas.
We congratulate the government of the Republic of the Philippines headed by H.E. President Benigno S. Aquino III and Vice President Jejomar C. Binay in continuing their efforts and focusing in empowering the poor and the marginalized sector of our Republic of the Philippines. CONGRATULATIONS AND MABUHAY!